Dusseldorf-based Signa Property Funds has acquired the Hoto Business Tower in the Croatian capital of Zagreb for EUR 71.6 mln. Regional bank Landesbank Hessen-Thuringen (Helaba) provided over EUR 50 mln for the deal, German trade journal Immobilien Zeitung reported on Tuesday.
Dusseldorf-based Signa Property Funds has acquired the Hoto Business Tower in the Croatian capital of Zagreb for EUR 71.6 mln. Regional bank Landesbank Hessen-Thuringen (Helaba) provided over EUR 50 mln for the deal, German trade journal Immobilien Zeitung reported on Tuesday.
The building comprises around 25,600 m2 of lettable space. Its sole tenant is the Croatian subsidiary of Deutsche Telekom. According to Signa CEO Frank Tolle, the tower will be incorporated into a closed-end fund for private investors by next spring.
Click on the link below to read about Collier International's latest report on the Zagreb office market.